About Nahar Credits Private Limited
Data last updated:
Nahar Credits Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Primrose Hill Ventures Pte Ltd. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 19 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65921TN1993PTC026044. Its GSTIN is 33AAACN2370F2ZW (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.51 Cr. It is led by directors Mandar Babasaheb Satpute and Mohit Chhajer.
Its last annual general meeting (AGM) was held on 03 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.29 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹8.98 Cr (net margin -169.7%) and EBITDA of -₹7.61 Cr (EBITDA margin -143.9%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 36% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nahar Credits. As per MCA filings, the company has satisfied charges of ₹30 Cr on record. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹57.71 Cr; the latest was in February 2022. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website naharcredits.in.
Company details
Contact details
Nahar Credits Private Limited's registered office is in Chennai, Tamil Nadu. Its website is naharcredits.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No. 201 2nd Floor Jayram Block Chitra Avenue No.9 Choolaimedu High School C, Hoolaimedu, Chennai, Tamil Nadu, India – 600094
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Nahar Credits Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Nahar Credits operates one associated brand: Nahar Credits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified consumer loans are facilitated via an online platform. | naharcredits.in |
Business activity
The main business activity of Nahar Credits is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Nahar Credits Private Limited, buy the company report.
Financials of Nahar Credits Private Limited
FY 2024 filings availableNahar Credits Private Limited reported revenue of ₹5.29 Cr (down 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 36%. EBITDA rose 58% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.98 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -143.9% | ||||
| Net Profit Margin | -169.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Nahar Credits Private Limited, buy the company report.
Board of directors of Nahar Credits Private Limited
Nahar Credits has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mandar Babasaheb Satpute Also directs: Camden Town Technologies Private Limited | Director | 27 Jan 2020 | 6 Years 9 Months | Current |
| Mohit Chhajer | Director | 01 Feb 2021 | 5 Years 9 Months | Current |
Auditor
Nahar Credits Private Limited is audited by M. M. NISSIM & CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. M. NISSIM & CO LLP | FY 2022 | 107122W/W100672 |
Shareholding
The shareholding of Nahar Credits Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nahar Credits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2022 | 100556637 | Others | ₹30 Cr | Satisfied |
To see the full charge records of Nahar Credits Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Nahar Credits Private Limited has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹57.71 Cr; the latest was in February 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Debt financing | ₹30 Cr | Investors: Blacksoil Group |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Primrose Hill Ventures Pte Limited Seller: Quickbridge Mauritius Holdings Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Subhash Nahar & Sons Seller: Somchand Nahar HUF |
| Jan 2013 | Funding round | ₹95.1 Lakh | Investors: H-Snap Investment Solutions Private Limited |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: Somchand Nahar HUF, 3 individuals Seller: Priya Investments, Sutaliya Finance Private Limited , 2 individuals |
To see the full deal history of Nahar Credits Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Nahar Credits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Nahar Credits Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ascent HR Technologies Private Limited | |||
| Soni Chatrath & Co |
To see the full MSME payment records of Nahar Credits Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Nahar Credits has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACN2370F2ZW | Tamil Nadu | Active | 31 Jan 2020 |
To see the full GST registrations and return filing status of Nahar Credits Private Limited, buy the company report.
Recent activity
Nahar Credits Private Limited has 32 board changes on record since 1993: 17 appointments and 15 cessations. The latest: Elizabeth Lucy Chapman ceased to be Director on 10 Aug 2023.
25 earlier events are in the company report.
Frequently asked questions
Nahar Credits is an active private limited company based in Chennai, Tamil Nadu, India. The company works in nbfc, within the financial services industry. It was incorporated on 19 October 1993 (33+ years old) and is registered under CIN U65921TN1993PTC026044.
Nahar Credits has 2 current directors:
- Mandar Babasaheb Satpute - Director
- Mohit Chhajer - Director
The latest financial statements of Nahar Credits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 03 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Nahar Credits is 33AAACN2370F2ZW, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Nahar Credits is U65921TN1993PTC026044. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nahar Credits was incorporated on 19 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chennai.
Nahar Credits has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹57.71 Cr; the latest was in February 2022.
Elizabeth Lucy Chapman ceased to be Director on 10 Aug 2023. Priyamvada Sharma ceased to be Director on 10 Aug 2023. Naipal Singh ceased to be Director on 30 Nov 2021. Nahar Credits has 32 board changes on record in total.
Nahar Credits has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 27 Oct 2022.
Nahar Credits can be reached through the website naharcredits.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Nahar Credits is at Flat No. 201 2nd Floor Jayram Block Chitra Avenue No.9 Choolaimedu High School C, Hoolaimedu, Chennai, Tamil Nadu, India – 600094.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
